December 8, 2022

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Velodyne Lidar Presents Perception Technological innovation for ROBORACE Autonomous Racing Collection

SAN JOSE, Calif.–(Small business WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) these days announced ROBORACE, the world’s very first autonomous vehicle racing sequence, has selected Velodyne as the formal lidar sensor supplier in its upcoming era automobiles. ROBORACE will use Velodyne‘s stable-condition Velarray H800 sensors in its electrical-driven autonomous race cars for the Season A person championship sequence, which is set to begin in 2022.

The Velodyne and ROBORACE engineering groups have been working collaboratively on the race auto development job. The Velarray H800 was the crystal clear selection of the ROBORACE engineering and design and style team because of to Velodyne’s specialized prowess, sensor general performance and trustworthiness, and have faith in across the market.

“At ROBORACE, we are often browsing for the finest technologies to make into our race cars and trucks and Velodyne has just one of the most effective products and solutions available on the marketplace,” stated Chip Pankow, Chief Championship Officer, ROBORACE. “The Velarray will assist our vehicles attain protected navigation and collision avoidance in competitive autonomous racing.”

ROBORACE was designed to speed up enhancement of autonomous driving programs by pushing the technological innovation to its limitations in a array of protected, managed environments. ROBORACE presents the system, business and guidance when racing teams are accountable for their personal code and tactic. Year 1 of the ROBORACE Championship will function multi-agent racing and Metaverse elements with every competitiveness built to give a wide variety of difficulties. There are business and college racing groups in the levels of competition.

“ROBORACE is a proving floor for the subsequent era of mobility by placing self-driving technologies to the exam in overall performance racing,” mentioned Sinclair Vass, Chief Commercial Officer, Velodyne Lidar. “With its lengthy-vary notion and broad industry of watch, the Velarray H800 is a terrific in good shape for ROBORACE’s autonomous race cars. We appear ahead to continuing to collaborate with ROBORACE in advancing innovation in the activity of racing.”

Velodyne‘s Velarray H800 is a stable-point out lidar sensor architected for automotive-quality performance. The sensor is created working with Velodyne’s breakthrough proprietary micro-lidar array (MLA) architecture. The Velarray H800 lets for remarkable detection of peripheral, close to-field and overhead objects while addressing corner situations on sloping and curving roads. It is built for safe navigation and collision avoidance in sophisticated driver assistance units (ADAS) and autonomous mobility applications.

About ROBORACE

ROBORACE is the world’s to start with motorsport levels of competition of complete-measurement AI-racing robots in a combined fact the place coding teams from distinct international locations all go for the win. In 2019, the Season Alpha series held 6 activities that drove over 36 million multi-channel video sights. ROBORACE also established the Guinness Entire world Document for having the swiftest autonomous car or truck in the earth. The Robocar arrived at a speed of 282.42 km/h (175.49 mph). In September 2020, ROBORACE commenced its Season Beta sequence with 6 competing groups using location at several spots, showcasing 12 races.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new period of autonomous engineering with the creation of true-time surround perspective lidar sensors. Velodyne, the world-wide leader in lidar, is known for its broad portfolio of breakthrough lidar systems. Velodyne’s innovative sensor and software remedies provide versatility, quality and overall performance to fulfill the demands of a vast variety of industries, which includes autonomous automobiles, sophisticated driver guidance programs (ADAS), robotics, unmanned aerial vehicles (UAV), good towns and stability. Via ongoing innovation, Velodyne strives to change lives and communities by advancing safer mobility for all. For much more data, go to www.velodynelidar.com.

Ahead Hunting Statements

This press release has “forward wanting statements” inside the this means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995 which include, without limitation, all statements other than historical truth and incorporate, without limitation, statements relating to Velodyne’s concentrate on markets, new merchandise, enhancement initiatives, and level of competition. When made use of in this press launch, the text “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “programs,” “intends,” “believes,” “seeks,” “could,” “will,” “can,” “ought to,” “upcoming,” “propose” and variants of these words and phrases or identical expressions (or the adverse variations of this sort of text or expressions) are meant to discover forward-searching statements. These ahead-wanting statements are not assures of long run general performance, conditions or effects and contain a selection of acknowledged and mysterious hazards, uncertainties, assumptions and other critical factors, a lot of of which are outside the house Velodyne’s command, that could lead to actual outcomes or outcomes to differ materially from people discussed in the ahead-seeking statements. Significant aspects, among other folks, that might influence real benefits or results consist of uncertainties with regards to governing administration regulation and adoption of lidar, the unsure effect of the COVID-19 pandemic on Velodyne’s and its customers’ companies Velodyne’s skill to deal with development Velodyne’s capacity to execute its business enterprise plan uncertainties linked to the skill of Velodyne’s buyers to commercialize their merchandise and the best market acceptance of these goods the charge and diploma of market place acceptance of Velodyne’s items the achievement of other competing lidar and sensor-similar goods and expert services that exist or may turn into obtainable uncertainties associated to Velodyne’s recent litigation and probable litigation involving Velodyne or the validity or enforceability of Velodyne’s mental property and normal economic and sector disorders impacting need for Velodyne’s goods and expert services. For extra details about dangers and uncertainties linked with Velodyne’s organization, remember to refer to the “Management’s Discussion and Evaluation of Economical Situation and Effects of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, together with, but not constrained to, its yearly report on Variety 10-K and quarterly reviews on Sort 10-Q. All forward-on the lookout statements in this push release are based on info out there to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any ahead-looking statements, whether as a result of new data, long term events or in any other case, besides as expected by regulation.